CommVault Systems Inc (CVLT)
Solvency ratios
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 3.39 | 4.21 | 3.19 | 2.29 | 2.05 |
CommVault Systems Inc has consistently maintained a very low level of debt relative to its assets, capital, and equity over the past five years, with all debt ratios at 0.00 for each year. This indicates that the company has been financing its operations primarily through equity rather than debt.
The financial leverage ratio, which measures the extent to which a company relies on debt to finance its operations, has fluctuated over the years but generally remained relatively stable. The ratio increased from 2.05 in 2020 to 3.39 in 2024, indicating an increase in debt usage for financing, though still at a moderate level relative to equity.
Overall, the solvency ratios suggest that CommVault Systems Inc has maintained a conservative approach to financing its operations, with a minimal reliance on debt. This indicates a strong financial position and lower financial risk for the company.
Coverage ratios
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 202.48 | -31.55 | 399.29 | — | — |
CommVault Systems Inc's interest coverage ratio has exhibited significant fluctuations over the past five years. In particular, the interest coverage ratio stood at 202.48 in March 2024, showing a substantial improvement compared to the negative ratio of -31.55 in March 2023. This suggests that the company's ability to cover its interest expenses with operating income has strengthened significantly. However, caution is warranted as there is missing data for the years 2021 and 2020, making it difficult to assess the trend over a longer period accurately. It is recommended to continue monitoring the interest coverage ratio to assess the company's financial health and ability to meet its debt obligations in the future.